December 2013

Together with Ardian we increased our commitment to Baltkom

Together with Ardian, an independent private investor, we increased our joint investment in Baltkom TV, Latvia’s largest cable television operator, by completing the buyout of a minority shareholder. This transaction strengthens our strategic partnership, having initially invested in Baltkom in May 2011.

Baltkom TV was established in 1991. It is one of the leading telecommunication companies in Latvia, offering analogue and interactive digital TV, high-speed internet and fixed line telephone services and, since August 2013, electric energy retail distribution for households.

Together with Ardianwe have an unparalleled experience in investing in telecommunication companies in such countries as France, Poland, the Baltic States, Bulgaria, Scandinavia and other international markets.

MartonHunek, Director of Ardian, said: “This additional investment is another example that we are continuing our long-term commitment to Baltkom and its management team. We look forward to working with the company as it continues to grow organically and through M&A transactions in the fast-growing Latvian economy.”

Piotr Noceń, Managing Partner of Resource Partners, said: “We were impressed with the pace of Baltkom’s growth and therefore decided to increase our stake in the company. We strongly believe in Baltkom’sprospects and its ability to consolidate the Latvian market.”

RP invests in Flex To Go, backing car rental agency’s expansion

Resource Partners is acquiring a significant stake in Flex To Go via its Luxembourg-registered fund, backing the largest chain of airport car rental outlets in Poland as it expands its operations in Germany and enters new European markets.

Resource Partners exits Tołpa to Bielenda

Resource Partners exits Tołpa to Bielenda Kosmetyki Naturalne („Bielenda”). Bielenda, supported by Innova Cap-ital will acquire 100% of shares in Torf Corporation, the owner of Tołpa and ON brands.